Campbell’s (NASDAQ:CPB) Shares Gap Down After Earnings Miss

Shares of The Campbell’s Company (NASDAQ:CPB) gapped down prior to trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $24.68, but opened at $23.65. Campbell’s shares last traded at $22.5480, with a volume of 6,302,488 shares.

The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.06). The company had revenue of $2.56 billion for the quarter. Campbell’s had a return on equity of 21.84% and a net margin of 5.69%.Campbell’s’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the business posted $0.74 earnings per share. Campbell’s has set its FY 2026 guidance at 2.150-2.250 EPS.

Campbell’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Thursday, April 2nd will be paid a $0.39 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 6.8%. Campbell’s’s dividend payout ratio is 80.83%.

Campbell’s News Roundup

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: Core brands showing pockets of strength — management highlighted Meals & Beverages performance and said the Rao’s brand surpassed $1 billion in trailing 12‑month sales, a signal of stable premium demand in parts of the portfolio. Campbell’s press release
• Positive Sentiment: Management is focusing on supply‑chain and margin actions under new leadership that could support medium‑term profitability if executed successfully. Supply chain focus article
• Neutral Sentiment: Analyst views are mixed: some see value after the share decline, others remain cautious given macro pressure on consumer staples. Expect divergent analyst commentary to drive near‑term volatility. Analysts mixed article
• Neutral Sentiment: Valuation commentary is split between “opportunity” narratives after a steep one‑year slide and warnings around earnings risk; this will influence investor time horizon decisions. Valuation article
• Negative Sentiment: Q2 results missed expectations — EPS of $0.51 vs. $0.57 consensus and revenue down ~4.5% year‑over‑year to $2.56B — signaling weaker topline momentum. Zacks earnings miss
• Negative Sentiment: Company cut its full‑year sales and profit forecasts, citing consumers trading down amid macro uncertainty — a direct driver of the stock decline. Reuters guidance cut
• Negative Sentiment: Snack sales fell and management explicitly called out weakness in that segment, increasing near‑term execution and demand concerns. WSJ snack sales article
• Negative Sentiment: Macro weakness and the company’s shrinking market cap raise the prospect of index reweighting or S&P review, which could pressure liquidity and investor demand. Barron’s S&P 500 article

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group decreased their target price on Campbell’s from $26.00 to $24.00 and set a “sell” rating on the stock in a research report on Friday, March 6th. Weiss Ratings downgraded Campbell’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Jefferies Financial Group reiterated a “hold” rating and set a $26.00 price objective on shares of Campbell’s in a research report on Monday, March 2nd. Barclays set a $27.00 target price on Campbell’s in a report on Friday, January 16th. Finally, Stifel Nicolaus set a $30.00 price target on shares of Campbell’s and gave the company a “hold” rating in a research note on Tuesday, December 9th. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $31.35.

Insider Buying and Selling

In other news, EVP Charles A. Brawley III sold 11,550 shares of the company’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $28.14, for a total transaction of $325,017.00. Following the completion of the sale, the executive vice president directly owned 43,777 shares in the company, valued at approximately $1,231,884.78. This represents a 20.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Anthony Sanzio sold 2,700 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $26.51, for a total value of $71,577.00. Following the sale, the executive vice president directly owned 25,264 shares in the company, valued at approximately $669,748.64. This trade represents a 9.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 19.78% of the company’s stock.

Institutional Investors Weigh In On Campbell’s

Several institutional investors and hedge funds have recently bought and sold shares of CPB. Two Sigma Investments LP increased its holdings in Campbell’s by 534.8% in the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock valued at $155,916,000 after buying an additional 4,159,398 shares during the period. Brandywine Managers LLC bought a new stake in shares of Campbell’s during the 4th quarter worth approximately $92,793,000. Massachusetts Financial Services Co. MA bought a new position in Campbell’s in the third quarter valued at approximately $77,940,000. Invesco Ltd. lifted its stake in Campbell’s by 42.6% during the third quarter. Invesco Ltd. now owns 7,995,733 shares of the company’s stock worth $252,505,000 after purchasing an additional 2,387,575 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Campbell’s by 175.7% in the 3rd quarter. UBS Group AG now owns 3,730,947 shares of the company’s stock valued at $117,823,000 after purchasing an additional 2,377,488 shares in the last quarter. Institutional investors own 52.35% of the company’s stock.

Campbell’s Stock Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.34 and a current ratio of 0.82. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 8.92 and a beta of -0.03. The stock has a fifty day simple moving average of $27.10 and a two-hundred day simple moving average of $29.55.

About Campbell’s

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.